Total electricity demand grows between 35.3 per cent and 82.0 per cent by 2050, reaching 62.1 TWh (terawatt hours) in the MBIE Reference scenario. By 2050, across all scenarios around half of all energy demand will be met by electricity.
In the short term, the commercial and industrial sectors are the main sectors driving this growth. From the late 2030s, electrification of transport plays a larger role with increased uptake of electric vehicles (EVs).
The increase in total demand drives an increase in peak demand to between 9.1 GW and 12.5 GW by 2050. A key contributor is higher residential demand for heating, which will drive higher winter demand peaks. View the report at:
